LendingClub (NYSE: LC) director sells 2,390 shares and holds 4,781 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingClub Corp director Erin Selleck reported an open-market sale of 2,390 shares of common stock on March 5, 2026 at $15.46 per share, executed under a Rule 10b5-1 trading plan. After this trade, Selleck directly held 78,767 common shares.
The filing also shows 4,781 unvested Restricted Stock Units (RSUs) from an annual non-employee director equity award. Each RSU represents one share of common stock and vests quarterly over one year beginning June 3, 2025, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,390 shares ($36,949)
Net Sell
2 txns
Insider
Selleck Erin
Role
Director
Sold
2,390 shs ($37K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,390 | $15.46 | $37K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 78,767 shares (Direct)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan. Represents the unvested portion of an annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs vest quarterly over a one-year period beginning on June 3, 2025, subject to continued service through each vesting date.
FAQ
What insider transaction did LendingClub (LC) report for Erin Selleck?
LendingClub reported that director Erin Selleck sold 2,390 shares of common stock on March 5, 2026. The sale was an open-market transaction at $15.46 per share, executed under a Rule 10b5-1 trading plan established in advance.
Was Erin Selleck’s LendingClub stock sale under a Rule 10b5-1 plan?
Yes. A footnote states the transaction “was effected pursuant to a Rule 10b5-1 trading plan.” Such plans allow insiders to prearrange trades, helping separate routine portfolio management from day-to-day market information or discretionary timing decisions.
What Restricted Stock Units (RSUs) does Erin Selleck hold at LendingClub?
The Form 4 notes 4,781 unvested RSUs from an annual non-employee director equity award under the 2014 Equity Incentive Plan. Each RSU equals one share of common stock and vests quarterly over one year beginning June 3, 2025, subject to continued service.
How are Erin Selleck’s LendingClub RSUs scheduled to vest?
The disclosed RSUs vest quarterly over a one-year period, starting on June 3, 2025. Vesting is subject to continued service through each vesting date. When each RSU vests, it entitles the holder to receive one share of LendingClub common stock.